Strabag and Končar late in delivering project documentation for HPP Vranduk

Construction works on Vranduk hydropower plant (HPP Vranduk) have been stalled. According to local media reports, the consortium comprising Austrian Strabag and Croatian Končar has delayed in delivering project documentation while trying to revise upwards the cost of the project, proposal to which the supervisory body was reluctant. The project of state power utility EPBiH […]

EBRD and the Green Economy Transition: a strategy for sustainable investments in Serbia

By Ana Bachurova, EBRD Energy Efficiency and Climate Change team and Daniel Berg, EBRD Director for Serbia The European Bank for Reconstruction and Development (EBRD) was the first international financial institution whose charter was explicitly “green” – that is, environmentally friendly.  In Serbia, the EBRD investments in green projects account for more than EUR 800 […]

Features April 26, 2017

EBRD providing green funds to UniCredit for on-lending

UniCredit Bank a.d. Banja Luka may be granted a EUR 5 million senior loan under the Western Balkans Residential Green Economy Financing Facility (GEFF) for on-lending to residential sector for green economy investments in Bosnia and Herzegovina, the European Bank for Reconstruction and Development said in the project summary. The target board date is May […]

EBRD considers providing EUR 50 million loan for wind farm Kovačica, Serbia

The project for the construction of 104.5 MW wind farm Kovačica in Vojvodina, Serbian northern province,  reached important milestone: European Bank for Reconstruction and Development (EBRD) officially launched the procedure to consider approval of the EUR 50 million loan to Electrawinds K-Wind d.o.o., a company developing the project. Loan approval decision will be made on the […]

World Bank to support Albania’s energy projects further

The World Bank is eager to help Albania address constraints and overcome challenges in making the energy sector competitive and efficient and expanding integration with neighbours, the organization’s eight executive directors told the government in Tirana, headed by prime minister Edi Rama. The two-day visit organized at the end of last month as part of […]

EBRD seeks consultant for hydropower sector plan

As part of activities to bolster Macedonia’s share of power generation from hydro facilities, currently at one fifth, the European Bank for Reconstruction and Development placed a call for services of a consulting company. Its responsibility will be to assist the government of the Balkan country in conceptual design for the best hydropower development option […]